Cost to wait is maybe save couple grand on zoning attorney but could potentially make that up by earning some rent earlier (vs. unused space). 

From podcasts to forums, you’ve all helped me learn, save, and build the confidence to take this step.That said, I’m reaching out to ask for advice.

I plan to be here often but have been listening to the bigger pockets podcast for the last year now, and have consistently been saving to make my first investment this year.

Increase your earnings, reduce expenses, save up, and invest.

If you’re not in a rush to tap your equity, holding off until rates come down could save you money in the long run.

This will save you time and effort, as you won’t have to travel long distances to manage different properties or handle tenant issues.For your first investment, I suggest starting with 2-4 unit properties.

If I wasnt going to be doing this I would just be saving more money and staying for free with my parents.

Consider a quarterly bonus based on occupancy rates, maintenance cost savings, and overall revenue growth.

Private Money is simply money from a non-institutional source...such as someone lending out of their personal IRA or from their savings. 

Another reason to not like a PM is that there is no incentive for them to save you money.